Remodeled Twin
For Sale
$300,000
5438 N FAIRHILL Street, Philadelphia, PA 19120
Multi-Family, PHILADELPHIA, PA
Property Size2,140 SF
Lot Size0.06 Acres
Price / SF$140.19
Days on Market55
Property Features for 5438 N FAIRHILL Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,140 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
2609
Utilities
Heating system
Hot Water(Heating)
Amenities
finished basement
laundry
wet bar
front side & back yard spaces
Building Details
Year built
1935
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Realty Mark Associates
(215) 376-4444
Listed By:
Tahzib Bacchus · License #RS330208
(267) 689-7355
Added: Jul 7
Changed: Aug 19
Last Checked: Aug 30 at 3:06AM
MLS# PAPH2645378
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This masonry twin duplex contains 2,140 square feet and was built in 1935. The property has undergone a complete remodel and includes two-bedroom, one-bath layouts, a finished basement, a full bathroom, laundry facilities, and a wet bar. Front, side, and rear yard areas provide additional outdoor space, while on-street parking serves the property.
The 0.058-acre lot is located at 5438 N Fairhill Street in Philadelphia, Pennsylvania 19120. Hot water heating is installed, and the property is classified as a duplex within the multifamily property category.
The 0.058-acre lot is located at 5438 N Fairhill Street in Philadelphia, Pennsylvania 19120. Hot water heating is installed, and the property is classified as a duplex within the multifamily property category.
Key Highlights
- Completely remodeled 2,140 SF twin duplex
- Two 2‑bedroom, 1‑bath layouts
- Finished basement with full bathroom, laundry, and wet bar
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,183
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$463,660
$463.7K
Cap Rate 7%
$331,186
$331.2K
Cap Rate 9%
$257,589
$257.6K
Market Conditions
NOI Build-Up for 2,140 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$35.7K $16.68/SF
− Vacancy
−$2.6K −$1.20/SF
EGI
$33.1K $15.48/SF
− OpEx
−$9.9K −$4.64/SF
NOI
$23.2K $10.83/SF
Area
ZIP 19120
Vacancy
7.22%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$463,660
Cap Rate 7%
$331,186
Cap Rate 9%
$257,589
Alternative Uses
Best Use
Multifamily LT 5
$331.2K
$289.8K – $386.4K
NOI $23,183 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$294.6K
$257.8K – $343.7K
NOI $20,620 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$511.2K
$447.3K – $596.4K
NOI $35,784 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,897
Businesses Nearby
Explore this area
Business Placement
Demographics for 19120, PA
66,177
Population
25,730
Households
2.6
Avg Household Size
35
Median Age
13%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
20,680
Density / Sq Mi
$51,993
Median Household Income
$32,980
Median Earnings
$1,186
Median Rent
$143,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Masonry duplex with finished basement, laundry, wet bar, and outdoor yard areas.
Where is this duplex located?
The property is located at 5438 N FAIRHILL Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Completely remodeled 2,140 SF twin duplex; Two 2‑bedroom, 1‑bath layouts; Finished basement with full bathroom, laundry, and wet bar
